Question

If a company buys coffee at a price of $5/kg and then sells it their stores for $18/kg, what is the percentage profit compared to the original cost of the coffee?

Answer 1

260%

Explanation:

For the coffee;

cost price (
`C_(P)`) = $5/kg

selling price (
`S_(P)`) = $18/kg

Percentage profit (%P) =
`(S_P - C_P)/(C_P) * 100%` %

Substitute the right values into the above;

%P =
`(18 - 5)/(5) * 100%` %

%P =
`(13)/(5) * 100%` %

%P = 260%

Therefore, the percentage profit compared to the original cost of the coffee is 260%